Cult DAO launched in February of this year. Along with its launch, it also released The Cult Manifesto, introducing what it claims to be the world’s first fully decentralized token. Cult DAO funds “those contributing to or working towards a decentralized future.” Because a small 0.4% fee is collected on each transaction, the treasury will be refilled constantly by exchanging and trading CULT.
Cult DAO (CULT) Fundamental Analysis
CULT is the Cult DAO’s tradable and liquid token. Cult DAOs’ other token is dCULT, which is considered a “Proof-of-Stake Token” for CULT. When a user invests CULT in the DAO, he receives a dCULT, which may be swapped at any time.
Moreover, what distinguishes CULT from other decentralized trading systems is that its platform is not under any control. Thus, Cult cannot be modified without human intervention. We do not have liquidity access, and we cannot update or modify smart contracts or tokens. Hence, CULT is unique because it cannot be blocked by developers, governments, regulators, or anyone else. They can destroy serves, but the code and the investment in decentralized technology remain.
CULT Staking
The entire system of Cult DAO is built on CULT staking. The Guardians are the top stakers and dCULT token holders. Meanwhile, after the user has staked their investment, they will receive dCULT tokens as security. The user may then redeem the money at any time for the initial amount placed.
The agreed-upon amount granted to the DAO is split 50/50 when a project proposal is accepted. The first half is burned, while the second half is sent to the DAO and distributed among CULT stakeholders.
The user must have staked tokens in order to vote or get rewards. However, there is no need to deposit assets for staking on the CULT network. Each transaction advances the project, while each token burned diminishes the total number of tokens in circulation.
Roadmap
The Cult DAOs’ Roadmap outlines their goals and where they want to take DAO.
Some of the goals achieved so far and what they have at stake for 2022 include:
- The Genesis Presale Phase of the “Girl in the Helmet” NFT sold out immediately after launching on December 13, 2021.
- Opening Discord Channels with Token-Gated Access.
- Public Sale Phase
They have a set of goals to complete this year, and we will try to update you with any news.
Tokenomics
As mentioned earlier, users of Cult DAO transact CULT, and 0.4% tax is taken on every transaction. This fee is collected and stored in the DAO Treasury.
With that in mind, the top 50 CULT owners can submit investment protocols and be put forward and approved with no limitation. After the investment, the investee company sells their token for CULT and distributes them equally. Thus, 50% is sent to burn wallet and 50% back to dCULT owners.
NFT Collection
In December 2021, Cult DAO announced launching its NFT collection. The girl in the Helmet is the most popular and important NFT token from the whole collection.
The NFT, Girl in the Helmet, registered on the Ethereum blockchain, grants its holders exclusive ownership of works by well-known artists such as Beepl, Pak, and Banksy. Also, through fractionalization, NFTs from top collections such as CryptoPunks, Bored Ape Yacht Club, and other blue-chip NFT projects may come along.
Users who own a Girl in the Helmet NFT token will have exclusive access to other member benefits, giveaway raffles, and future Cult DAO events. Another benefit of owning this token is the unique possibility of acquiring existing and future rare NFT collections.
Below you can find Cult Dao’s NFT project launch trailer.
Cult DAO (CULT) Price Analysis
Cult DAO launched in February of this year. According to CoinMarketCap, Cult DAO (CULT) was trading at an average price of $0.0000001481 right after its launch in March 2022, thus, reaching its all-time low.
At the beginning of April 2022, Cult Dao reached its all-time high, reaching $0.00007366. Currently, its price is $0.00001035.
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Currency Prediction Cult DAO (CULT) Price Prediction
Even though CULT’s current price is bearish, it is increasing daily. Due to the upcoming features, the price could significantly increase in the coming years.
Currency Prediction Cult DAO (CULT) Price Prediction 2022
Cult DAO launched in February of this year. Its trading price during March was around $0.0000001481. In a matter of 2 months, CULT’s price increased significantly and reached a bullish price of $0.00003475. However, its price quickly declined within days, and currently, it is trading at $0.00001035. Even though the token is now falling in the market, we expect that is price will increase by the end of the year. We predict that the price of Cult DAO might reach a maximum price of $0.0000484 by the end of 2022. The minimum trading price is expected to be $0.0000430 and the average $0.0000468.
Currency Prediction Cult DAO (CULT) Price Prediction 2023
We at Currency Prediction, predict that by 2023 the price of Cult DAO will experience a bullish increase in its price. The year might start with a slight increase in price compared to the previous year. By mid-2023, the price might break its record and reach a new all-time high of $0.0000598. However, after that, it can experience a decline. We suggest that by the end of the year, the maximum price of CULT will be $0.0000573, and the minimum price is $0.0000434.
Currency Prediction Cult DAO (CULT) Price Prediction 2024
Depending upon the market trend, we expect the average price of Cult DAO (CULT) to be around $0.0000498. It is quite likely that the future price of CULT will improve and increase. Thus, if the market is in its favor, we suggest that CULT might reach a maximum price of around $0.0000614. However, if the market falls, Cult DAO risks declining its price as low as $0.000406.
Currency Prediction Cult DAO (CULT) Price Prediction 2025
2025 might start on a good note for CULT by exceeding the previous year’s price. Moreover, this year we predict that Cult DAO might trade at an average price of $0.0000650. This year the price of CULT can be highly affected by the market factors. Because of that, we expect a maximum price of $0.0000733 by the end of the year. On the other hand, the price might decline and reach as low as $0.0000597.
Currency Prediction Cult DAO (CULT) Price Prediction 2026
This year we might see a significant decline in Cult DAO’s price. Even though the price might be stable during the first two quarters of 2026, that is not the case for the remaining two. We suggests that compared to the previous year, where the maximum price was $0.0000733, this year, the price could fall by 12.3% and reach $0.0000648. The price could fall as low as $0.0000570, with an average of $0.0000620.
Cult DAO (CULT) Market Price Prediction
According to experts on cryptocurrencies, Cult DAO has the potential to grow in the future. Here is what some of them have to say.
Wallet Investor
Wallet Investor predicts a bullish price increase of Cult DAO (CULT) for the next five years. They suggest that the price of CULT can increase a little bit more than 1000% by 2025, reaching a price of $0.000407. The price could increase even more and exceed 1800% by 2027, with a price of $0.000703.
PricePrediction.net
PricePrediction.net suggests that the price of Cult DAO can increase at a slower pace. They predict that by the end of 2025, the maximum price of CULT might be $0.00000075. By 2026, the price could increase a little and reach a maximum of $0.00000110. Until 2031, PricePrediction.net expect the maximum price of CULT to reach $0.00000635.
Digital Coin Price
Digital Coin Price is a very reliable source of price predictions. As such, it suggests that CULT will have a bullish future. They predict that the price of CULT might reach a maximum of $0.0000700 by the end of 2026. Their suggested price for 2031 is approximately around $0.000200.
How to Buy Cult DAO (CULT)?
Every cryptocurrency purchase comes with its risks. So, before purchasing any crypto, we suggest you conduct thorough research on the coin first. The same applies if you want to buy Cult DAO. If you have done your research and decided to buy the coin, we will show you the steps to buy in Coinbase.
Step 1: Download the Coinbase Wallet
A Coinbase Wallet is required first if you want to purchase Cult DAO. A mobile app and a browser extension are also available for the Coinbase Wallet.
Step 2: Pick a Wallet Username
You must pick a username or a wallet as part of the Coinbase Wallet setup process. Other Coinbase Wallet users can transfer you cryptocurrency if you use this username.
Step 3: Recovery Phrase
After establishing a self-custody wallet, you will be assigned a phrase that contains 12 random words. This phrase serves as a key to your assets. Thus, anyone who knows it can access it. So always keep it safe.
Step 4: Purchase ETH And Transfer To The Wallet
Purchase Ethereum (ETH) and deposit it into your Coinbase account. Depending on whether you use the mobile app or the Chrome extension, the process for sending ETH to your Coinbase Wallet will differ.
Step 5: Use ETH To Buy Cult DAO
You may purchase Cult DAO directly from the app if you use the Coinbase Wallet on your mobile device.
- Tap the “Trade” option to exchange your ETH for any token that follows the Ethereum protocol (known as “ERC-20 tokens”).
- Select the Cult DAO by tapping “choose coin”. Enter the amount of ETH you wish to trade for Cult DAO. (Remember to set aside money for transaction costs as well).
- Confirm your purchase and then follow the on-screen instructions to complete.
The steps are similar if you choose to use the Coinbase Wallet website.
- Search Cult DAO
- Enter the amount of Ethereum you want to trade for Cult DAO
- Confirm your purchase
- Follow the on-screen directions to complete the transaction
Frequently Asked Questions (FAQs)
What is Cult DAO price currently?
The current price of Cult DAO is $0.00001035.
How high is Cult DAO expected to go in 5 years?
Cult DAO is expected to increase as high as $0.000703 by 2027.
Is Cult DAO a good investment?
Cult DAO is considered a good investment since it is expected to increase significantly in the future. The shortage encourages price increases. We recommend you conduct some thorough research before you decide to invest in any currency.
Takeaways
- Cult DAO launched in February 2022.
- CULT is the Cult DAO’s tradable and liquid token.
- CULT’s platform distinguishes itself from other decentralized trading systems because its platform is not under any control.
- The entire system of Cult DAO is built on CULT staking.
- The Girl in the Helmet is the most popular NFT of Cult DAO.
